Medium Voltage Surge Arrester Market Size - By Material, By Application, Analysis, Share, & Forecast, 2025 - 2034

Medium Voltage Surge Arrester Market Size

The global medium voltage surge arrester market was valued at USD 779.5 million in 2024 and is estimated to reach the value of USD 1.2 billion by 2034, growing at a CAGR of 4.7% from 2025 to 2034. The market is propelled by reliable power transmission and distribution infrastructure due to rapid urbanization and industrialization.
 

Rising investments in renewable energy projects and the expansion of grid networks to support growing electricity demand further augment market growth. According to the International Energy Agency (IEA), global electricity demand increased by 2.6% by 2026, with renewable energy sources accounting for 85% of this growth.
 

Advancements in polymer-based arresters boosts performance and longevity as per the evolving needs of the customer. Additionally, the adoption of these products is fueled by stricter regulatory requirements for power quality and equipment protection. In January 2024, the DOE announced USD 34 million for twelve projects spanning across eleven states that aim to develop new undergrounding technologies meant to modernize and fortify the dilapidated American power grid.
 

However, the market is still grappling with the exorbitant upfront cost of sophisticated surge arresters combined with the ever-changing prices of raw materials. To gain a competitive edge, market participants are innovating, forming strategic alliances with other companies. Remarkably, the ongoing efforts for the electrification and the implementation of smart grid technologies have increased the growth potential in the emerging markets of the Asia Pacific and Africa regions.
 

Medium Voltage Surge Arrester Market Trends

• The medium voltage surge arrester industry is witnessing some significant trends due to the technological advancement and increasing need for grid dependability. As integration of renewables, especially wind and solar, increases, the need for effective surge protection devices is increasing as well, driving the demand.
   
• There has been a rise in the adoption of smart surge arresters that allow for remote predictive maintenance and monitoring, improving system efficiency. For instance, in November 2022, Hitachi Energy introduced the Wireless SPU (Surge Protection Unit) Indicator, a device that monitors surge arresters to avert fires. The automated vehicle inspection system improves overall asset management while reporting status changes. This enables utility companies to maintain the reliability of the infrastructure while better scheduling maintenance activities.
   
• Moreover, there are major prospects in developed regions for retrofitting older grid infrastructure. For instance, the U.S. Department of Energy (DOE) Advanced Research Projects Agency-Energy (ARPA-E) made an award of USD 147 million for 49 projects aimed at developing spectacular technology innovations that will bolster America’s energy future in January 2025.
   
• Furthermore, companies are trying to be more competitive in the market by implementing innovative green design materials and energy-saving design. These strategic partnerships and works of collaboration are also broadening the company's boundaries and enabling them to tackle regional challenges effectively.
   

Medium Voltage Surge Arrester Market Analysis

• Based on material the market is divided into polymer and porcelain. The global market was valued at USD 683.5 million, USD 731.5 million and USD 779.5 million in 2022, 2023 and 2024 respectively. The market is expected to reach above USD 1 billion by 2034.
   
• The polymer based medium voltage surge arrester market is experiencing a substantial rise in technology deployment and is expected to surpass USD 640 million through 2034, driven by their superior performance characteristics and adaptability. This enhancement is attributed to the performance features of light weight construction, corrosion resistant, and extreme heat and moisture environmental condition durable components.
   
• Surge arresters made from porcelain remain relevant in traditional uses where their mechanical strength is critical particularly in areas with developed grid systems. It is important to note that the advancement of the polymer market is still limited by excessive weight, possible fissures, and expensive upkeep. Regular safety checks on energy-related infrastructure, as well as the electrical gear on the 4kV and above transmission networks, are prescribed by Europe’s Energy Infrastructure Guidelines 2023.
   
• The market for polymer-based arresters continues to grow as there are new materials and better production technologies. NESC standards developed by utilities and governing bodies has been published and came into effect in 2023, which addresses electrical safety within the distribution network allowing more effective integration of NESC controlled distribution networks within the U.S. Companies are shifting their R&D activities to strengthening products and lowering prices, which corresponds with the industry needs for dependable, safe, and economical products.
   

• The application segment in the medium voltage surge arrester market highlights diverse trends across utility, industrial, and residential & commercial sectors. The utility segment dominates the market with a share of 48% in 2024 and is projected to grow at over 4.5% CAGR till 2034.
   
• The integration of new technologies as well as the expansion and modernization of the power grid are increasing investments in the sector. In 2022, the U.S. Department of Energy reported that investments towards grid infrastructure modernization reached USD 28.2 billion, demonstrating the sector’s focus towards infrastructure investment.
   
• The protective systems are mostly used by the manufacturing industry, oil and gas sector, and data centers. The need to safeguard critical infrastructure from electricity spikes coupled with the growing automation in the industrial sector propels the need for sophisticated surge protection systems.
   
• The growth in the residential and commercial segments is due to urbanization and increased adoption of smart buildings. The market is further supported by the growing focus on power quality, equipment protection, and government policies supporting resilient infrastructure.
   
• Surge arresters enabled with IoT are improving in prominence across a range of applications because of enhanced monitoring and predictive maintenance features. Surge protection infrastructure is included in the allocated amount of USD 220 million set aside for the improvement of power grid resilience and protection in 2023 by the US Department of Energy’s Grid Modernization Initiative.
   

• The U.S. medium voltage surge arrester market has experienced significant growth in 2022, 2023 and 2024 and was valued at USD 116.5 million, USD 124.8 million and USD 133.2 million respectively. The U.S. market for medium voltage surge arrester is projected to exceed USD 210 million by 2034. The replacement of aging infrastructure alongside the expansion of smart grids is increasing the need for advanced surge protection technologies.
   
• In August 2023, the U.S. Department of Energy pledged funding up to USD 39 million toward a Grid Modernization Initiative, which aims to augment the program focused on upgrading the power grid. Furthermore, the industrial sector is also contributing to the demand as manufacturing and oil & gas industries begin using surge arresters, while smart IoT arresters are improving the efficiency and reliability of the grid.
   
• The medium voltage surge arrester market in Europe is set to increase at a CAGR of over 5% through 2034 due to the adoption of renewable energy and modernization of grid systems. Germany, which is the largest market in Europe, has significantly increased its investments in wind and solar energy which require significant surge protection for grid stability.
   
• Germany’s Federal Network Agency notes that the country added 14.9 GW of solar capacity in 2023. Enhanced surge protection systems are required to ensure grid stability. The need for innovative surge arresters is further augmented by the supporting upgrades to aging infrastructure and compliance to strict power quality standards across utilities and industrial applications.
   
• Asia Pacific’s surge arrester market is benefitting from China’s urbanization and industrialization. The growing surge arrester need stems from China's funding in the enhancement of the power grid, renewable energy sources and rural electrification.
   
• Furthermore, the market expansion is driven by the need to safeguard the smart grids technological infrastructure. According to China’s National Energy Administration, in 2023 the country has spent USD 391 billion on the development of smart grids which marks an increase of 34% from last year.
   
• The development of the Middle East and Africa market is driven by electrification projects, infrastructure expansion, and the development of renewable energy sources.
   
• Saudi Arabia is the largest market in the region, integrating surge protection devices in support of their Vision 2030 program for industrial and renewable energy expansion. There is a heightened emphasis on the provision of reliable electricity and the protection of infrastructure, which drives the adoption of medium voltage surge arresters.
   

Medium Voltage Surge Arrester Market Share

Top 6 companies operating in medium voltage surge arrester industry include ABB, Siemens Energy, Eaton, Schneider Electric, General Electric, and Hitachi Energy Ltd, which collectively cover the 40% share of the market. These firms have built their market shares as a result of brand equity, sophisticated extension of research and development activities, as well as comprehensive market offerings.
 

ABB being one of the leader in medium voltage surge protection holds such position owing to their worldwide marketing, wide range of products, and continuous innovations. The corporation revenue achieved is USD 32.85 billion for the year 2024.
 

Moreover, the firm's focus on high voltage surge protection systems with considerable amounts of research and development and strategic purchases raises the competitiveness. Additionally, ABB has well developed distribution channels and customer bases in important sectors.
 

Medium Voltage Surge Arrester Market Companies

• Siemens Energy offers surge protection solutions consisting of medium voltage surge arresters applicable for power grids and industrial tasks. The company operates globally and possesses relevant know-how for developing solutions that enhance grid stability and operational efficiency. In 2024, Siemens launched a software product aimed at improving the stability of low voltage grids and enabling greater levels of digitization.
   
• Eaton provides medium voltage surge arresters with a strong emphasis on lifetime and operational use. The company’s technologies for surge protective devices enable uninterruptible power supply and operational continuity of the grid for utilities and industrial users while protecting the electrical devices.  In 2022, Eaton and Microsoft expanded their collaboration to include the development of grid-interactive data centers which increase energy efficiency, grid stability, and sustainability through smart power management combined with cloud solution integration.
   
• Schneider Electric incorporates digital solutions in its medium voltage surge arresters. The company's protection devices serve power distribution networks, renewable energy installations, and industrial facilities through monitoring and control systems that enhance safety and reliability. In 2023, Schneider Electric enhanced EcoStruxure solutions to improve energy efficiency, sustainability, and digital management for net-zero buildings.
   
• General Electric (GE) produces medium voltage surge arresters for power transmission and distribution systems. GE's electrical protection products are designed for tough environments, providing reliable performance and system availability with minimized maintenance needs for utilities and industrial customers. GE Grid Solutions delivered two 500 kV air-insulated substations (AIS) in 2023 for Casa dos Ventos' 756-MW Serra do Tigre wind complex in Brazil.
   
• Hitachi Energy Ltd. formulates modern materials and technologies with medium voltage surge arresters. The company's protective solutions integrate and align with the grid modernization requirements while using digitally engineered and sustainable design approaches to smart grids. Hitachi Energy developed the Wireless Spark Prevention Unit (SPU) Indicator in 2022 to improve grid resiliency and mitigate wildfire hazards through remote monitoring of surge arresters.
   

Major players operating in the medium voltage surge arrester market are:

• ABB
• CG Power
• CHINT Group
• DEHN
• Eaton
• Ensto Elpro
• General Electric
• Hitachi Energy
• Hubbell
• Izoelektro
• Schneider Electric
• Siemens Energy
• Surgetek
• TDK Electronics
   

Medium Voltage Surge Arrester Industry News

• In March 2025, Siemens Smart Infrastructure and Reactive Technologies partnered to improve grid resilience through the integration of Reactive's GridMetrix technology with Siemens' Gridscale X software (PSSE). This collaboration offers insight into grid inertia and system strength, allowing operators to effectively mitigate power outages and increase renewable energy integration.
   
• In October 2024, DEHN launched the DEHNguard EZ50-S protects NEMA 4X equipment from surges with Type 1 service and maintenance made easy. This device offers unparalleled surge protection, making it optimal for use in industrial and commercial systems, data centers, energy systems, and even EV charging stations. It also improves the reliability of a system while minimizing ever-increasing outages. This solution effectively reduces costs by providing strong AC power protection to critical systems to maintain proper functionality.
   
• At InnoTrans 2024 in October, Hitachi Energy unveiled new transformers featuring built-in surge arresters designed to improve overall reliability and reduce the incidence of failures. With the arrestors in place, the windings of the transformer are protected from damaging voltages. This results in reduced resistance to failure, collateral damage, and prolonged periods of downtime. This advancement is utilized in power systems of metros across India and Europe where stability is needed under severe conditions.
   

This medium voltage surge arrester market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million & ‘000 Units” from 2021 to 2034, for the following segments:

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Market, By Material

• Polymer
• Porcelain

Market, By Application

• Residential & commercial
• Industrial
• Utility

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
• Latin America
  • Brazil
  • Argentina